Earlier Report Observations
The soybean market volume in Turkey fluctuated significantly between 2018 and 2023, ranging from 2.6 million tons to over 3.1 million tons. The market peaked in 2020 at 3 117 thousand tons, driven by high import levels, before contracting sharply in 2021 to 2 577 thousand tons. A partial recovery followed in 2022 and 2023, with market volume reaching 3 087 thousand tons and 2 959 thousand tons respectively. Domestic production remained a small fraction of total supply, varying between 140 and 182 thousand tons over the period.
In 2024, soybean imports into Turkey surged to 3 754 thousand tons, indicating sustained strong demand. Market observations point to growing consumer interest in healthy and plant-based protein sources, which has been bolstering soybean consumption in food, feed, and cosmetic sectors. The commodity's strategic importance as a raw material continues to support its market presence, with trends favoring organic and locally-sourced products.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production Turkey
- 5.1.1. Annual dynamics of production Turkey in kind, 2018-2023, K t
- 5.1.2. Annual dynamics of production Turkey in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production Turkey
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, K t
- 6.1.2.1. Annual dynamics of product's exports to Turkey in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's exports in kind to Turkey by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, M $ US
- 6.1.3.1. Annual dynamics of product's exports to Turkey in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's exports in value to Turkey by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports to Turkey, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports to Turkey by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, K t
- 6.2.2.1. Annual dynamics of product's exports to Turkey in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's exports in kind to Turkey by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, M $ US
- 6.2.3.1. Annual dynamics of product's exports to Turkey in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's exports in value to Turkey by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports to Turkey, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports to Turkey by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, K t
- 7.1.2.1. Annual dynamics of product's imports in Turkey in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's imports in kind in Turkey by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, M $ US
- 7.1.3.1. Annual dynamics of product's imports in Turkey in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's imports in value in Turkey by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports in Turkey, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports in Turkey by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, K t
- 7.2.2.1. Annual dynamics of product's imports in Turkey in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's imports in kind in Turkey by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, M $ US
- 7.2.3.1. Annual dynamics of product's imports in Turkey in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's imports in value in Turkey by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports in Turkey, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports in Turkey by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production soybeans Turkey
In kind, 2017-2020, K t
Top producers of soybeans, 2017-2020
World map of production of soybeans, 2017-2020
Turkey's soybean production has increased for the second consecutive year. In 2020, the country produced 155.2 K t of soybeans, marking a modest rise of 3.5% compared to 2019. Over the period from 2017 to 2020, production grew by 10.9%, which translates to an annualized rate of 3.5%. The largest increase occurred in 2019 at 7.1%, while the smallest change was recorded in 2018 with a 0.0% variation.
Annual dynamics of production Turkey in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | - | 7.1% | 3.5% | 3.5% |
In value, 2017-2020, K $ US
Turkey's soybean production has increased for the second consecutive year. In 2020, the output was valued at 73 456 K $ US, indicating a rise of 1.6% over the previous year. The minimum value was recorded in 2018 at 66 996 K $ US. The largest increase occurred in 2019 at 7.9%, while the largest decline was in 2018 at 10.6%.
Annual dynamics of production Turkey in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (10.6%) | 7.9% | 1.6% | (0.7%) |
Exports soybeans to Turkey
Exports in kind, K t
In 2020, Turkey's soybean export volumes stood at 78 K t, showing a decrease of 17.6% compared to the previous year. Between 2017 and 2020, exports fell by 46.9%, equating to an annualized rate of 19.0%. The minimum value was recorded in 2018 at 70 K t. The largest decline occurred in 2018 at 52.5%, while the largest increase was in 2019 at 35.7%.
Annual dynamics of product's exports to Turkey in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (52.5%) | 35.7% | (17.6%) | (19.0%) |
From 2017 to 2020, the United States consistently accounted for 79.9% of Turkey's total soybean exports in kind, indicating a high concentration on this market, with the remainder shared among other countries.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports to Turkey in kind, 2017-2020
Exports in value, M $ US
In 2020, Turkey's soybean export volume reached 37 M $ US, marking a solid fall of 19.1% compared to 2019. Between 2017 and 2020, exports decreased by 53%, equating to an annualized rate of 22.3%. The minimum value was recorded in 2018 at 33 M $ US. The largest decline occurred in 2018 at 57.5%, while the largest increase was in 2019 at 36.7%.
Annual dynamics of product's exports to Turkey in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (57.5%) | 36.7% | (19.1%) | (22.3%) |
Throughout 2017 to 2020, the United States played the leading role in Turkey's soybean exports in value terms, with a share of 83.7% of total flows, while other markets together accounted for the rest.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports to Turkey in value, 2017-2020
Imports soybeans in Turkey
Imports in kind, K t
Turkey's soybean imports have increased for the third consecutive year. In 2020, imports came to 3 040 K t, showing an uptick of 10.9% year-over-year. Between 2017 and 2020, imports grew by 27.3%, equating to an annualized rate of 8.4%.
Annual dynamics of product's imports in Turkey in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 11.7% | 2.8% | 10.9% | 8.4% |
From 2017 to 2020, Brazil (47.0% of imports in kind), Ukraine (30.3% of imports in kind), and Paraguay (9.7% of imports in kind) led the structure of Turkey's soybean imports in kind, together representing 87.0% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports in Turkey in kind, 2017-2020
Imports in value, M $ US
In 2020, Turkey's soybean deliveries totaled 1 206 M $ US, corresponding to a robust gain of 16.9% compared to the previous year. Between 2017 and 2020, imports increased by 24.6%, equating to an annualized rate of 7.6%. The largest decline was recorded in 2019 at 7.9%.
Annual dynamics of product's imports in Turkey in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 15.7% | (7.9%) | 16.9% | 7.6% |
From 2017 to 2020, Brazil (45.9% of imports in value terms), Ukraine (30.8% of imports in value terms), and Paraguay (9.8% of imports in value terms) were the principal sources for Turkey's soybean imports in value terms, jointly accounting for 86.5% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports in Turkey in value, 2017-2020
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